NetSpend 2015 Annual Report Download - page 65

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Amortization expense includes amounts for computer software acquired under capital lease. The Company had
the following amortization expense related to computer software for the years ended December 31, 2015, 2014
and 2013:
(in thousands) 2015 2014 2013
Amortization expense related to:
Licensed computer software ........................................ $41,823 36,775 33,511
Software development costs ........................................ 22,740 25,248 21,430
Acquisition technology intangibles .................................. 16,734 19,683 15,855
The weighted average useful life for each component of computer software, and in total, as of December 31,
2015, is as follows:
Weighted
Average
Amortization
Period (Yrs)
Licensed computer software ........................................................... 5.4
Software development costs ........................................................... 6.1
Acquisition technology intangibles ...................................................... 6.8
Total ............................................................................. 5.9
Estimated future amortization expense of licensed computer software, software development costs and
acquisition technology intangibles as of December 31, 2015 for the next five years is:
(in thousands)
Licensed
Computer
Software
Software
Development
Costs
Acquisition
Technology
Intangibles
2016 ......................................................... $36,207 27,312 15,352
2017 ......................................................... 31,034 21,608 13,868
2018 ......................................................... 25,345 16,041 11,393
2019 ......................................................... 13,617 9,916 11,393
2020 ......................................................... 8,899 7,343 5,734
Note 10 Property and Equipment, net
Property and equipment balances as of December 31, 2015 and 2014 are as follows:
(in thousands) 2015 2014
Computer equipment .......................................................... $346,387 317,862
Buildings and improvements .................................................... 244,938 243,211
Furniture and other equipment .................................................. 138,727 135,741
Land ........................................................................ 16,577 16,763
Other ....................................................................... 597 204
Total property and equipment ................................................. 747,226 713,781
Less accumulated depreciation and amortization ................................... 457,328 423,196
Property and equipment, net .................................................. $289,898 290,585
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